Financial software company Mamut has continued to increase its earnings, despite static revenue growth.
The company reported third quarter earnings before interest and tax of Norwegian krone (NOK) 4.6m (£494,000), a 60% increase on the same period last year. This was achieved despite a small drop in revenue to NOK 113.4m from NOK 113.8m in Q3 2009.
This follows on from a 27% increase in profits in the second quarter, also on falling revenues.
The company said it sees “considerable growth potential” following the launch of Mamut One in combination with existing customer bases in acquired companies.
Does Darwin's theory apply to taxation? Colin ponders...
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs